UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month ofSeptember 2024
Commission File Number: 001-15002
ICICI Bank Limited
(Translation of registrant's name into English)
ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)
Indicate by checkmark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
Form 20-F Form 40-F
X
Table of Contents
Items:
1. Other News
OTHER NEWS
Sub: Disclosureunder the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
IBN
ICICI Bank Limited(the `Bank') Report on Form 6-K
The Bank has madethe below announcement to the Indian stock exchanges:
It has come to ourattention that there are certain reports in media alleging
payment of salary by ICICI Group to Ms. Madhabi Puri Buch, Chairperson,
SEBI.In this connection, we would like to clarify as follows:
"ICICI Bankor its group companies have not paid any salary or granted any
ESOPs to Ms. Madhabi Puri Buch after her retirement, other than her
retiralbenefits. It may be noted that she had opted for superannuation with
effect from October 31, 2013.
During her employmentwith the ICICI Group, she received compensation in the
form of salary, retiral benefits, bonus and ESOPs, in line with applicable
policies.
Under the Bank'sESOP rules, the ESOPs vest over the next few years from the
date of allotment. As per rules existing at the time of her ESOP grant,
employeesincluding retired employees had the choice to exercise their ESOPs
anytime up to a period of 10 years from the date of vesting.
As per Income Taxrules, the difference between the price of the stock on the
day of exercise and the allotment price is treated as perquisite income andis
reflected in Part B of the Form-16 of employees, including retired employees.
The Bank is required to deduct the perquisite tax onthis income. In addition,
Form -16 covers the payment made towards the retiral benefits of former
employees.
All the paymentsmade to Ms. Buch post her retirement had accrued to her during
her employment phase with the ICICI Group. These payments comprise ESOPsand
retiral benefits."
Please take the above information onrecord.
ICICI Bank Limited Tel.: 022- 4008 8900 Regd. Office: ICICI Bank Tower, Near Chakli Circle,
ICICI Bank Towers Email:companysecretary@icicibank.com Old Padra Road, Vadodara 390007. India
Bandra-Kurla Complex Website
Mumbai 400 051, India. www.icicibank.com
CIN.: L65190GJ1994PLC021012
SIGNATURE
Pursuantto the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf bythe
undersigned, thereunto duly authorised.
For ICICI Bank Limited
Date: : September 2, 2024 By: /s/Prachiti Lalingkar
Name: Prachiti Lalingkar
Title: Company Secretary
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